retirement
Are you 65 or older? There is a new tax break for you on your 2025 Tax Return.
Your Social Security Benefits may still be taxable on your 2025 tax return. However, there is a new $6,000 additional standard deduction available to people 65 or older, which was included in the Big Beautiful Bill. You may claim this…
Social Security Changes in 2026
You will see your monthly Social Security payments increase by 2.8% due to the cost-of-living adjustment (COLA). However, you need to factor in that the cost of Medicare Part B has increased to $202.90 for 2026, up from $185 in…
When should I claim my Social Security?
The Social Security advisors get asked this question at the AMAC Foundation every day. This is one question we cannot answer for you, as it is a personal decision only you can make. If you are married, it is important…
Your Social Security May Be Garnished for Delinquent Student Loans
The Federal Government can withhold up to 15% of your monthly Social Security benefit if you are delinquent on a Federal Student Loan, but your benefit cannot be reduced below $750 per month. According to the Consumer Financial Protection Bureau…
The Secure 2.0 Act Made Changes to RMDs and Roth 401(k)s Withdrawals
The primary goal of the Secure 2.0 Act is to encourage more people to save for retirement. Some of the primary changes were that the mandatory age for RMD withdrawals has increased, penalties for late withdrawals have been reduced, and…
Do You Know Your Full Retirement Age for Social Security?
Knowing your full retirement age (FRA) is a very important part of your retirement plan. If you take your Social Security benefits before your FRA, you reduce the amount of your payment for the rest of your life. In an…
The Highest Social Security Benefit You Can Receive in 2026
Social Security benefits are calculated using your 35 highest-earning years. To receive the maximum possible benefit, you must reach the maximum taxable earnings in each of those years, something most workers do not achieve. For 2025, the maximum taxable earnings…
More Seniors Are Continuing to Work After Receiving Their Social Security Benefits
As the average life expectancy increases and the cost of living continues to rise, the workforce is aging. According to the article by the Asian Journal Newsroom, research shows that approximately 40% of Seniors are continuing to work after starting…
The Retirement Rollover Flexibility Act
The Retirement Rollover Flexibility Act was reintroduced in both the House of Representatives and the U.S Senate on December 4, 2025. This bipartisan, bicameral legislation will allow retirement savers to roll over their Roth IRA savings into a Roth account…
Demystifying When to Claim Social Security Retirement Benefits
Claiming Window is 8 Years Long Perched high on our list of Frequently Asked Questions is this: “When should I claim my Social Security retirement benefits?” That’s not surprising, since there is an 8 year window, starting at age 62…